Subject: Re: Puts
WEBSpired:
Well speaking of options, Mr. Market allowed me to close my June’24 400 covered call contracts today @ $9.90 (which I had sold for $8.95 in January ‘24). Figured I did slightly better than break even, considering the cash received up front was in a MM yielding ~5%. Learning experience & exercise, I suppose.

Witout counting the money market interest, you lost $0.95 per share on this transaction, $99.50 per contract LOSS. Adjusted for money market earnings on your $8.95, that comes down to a loss of $0.7625 per share or $76.25 per contract.

You did noticably worse than breaking even. If you relized that, then I'd agree you might have learned something.

R: